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<br />. <br />, <br />.. CITY OF ARDEN HILLS <br /> MEMORANDUM <br />I <br /> DATE: March 16,1995 <br />I TO: Brian Fritsinger, City Administrator <br />I FROM: @Terrance Post, City Accountant <br />I SUBJECT: February 1995 Operating Results/Commentary <br />I Enclosed are "General Fund" and "All Funds" budget summaries for the two months ended <br /> February 28. 1995. Following is commentary on significant February transactions: <br />I General Funds (10n <br /> Revenue- $25,504 was receipted in Intergovernmental Revenue which represents 50% of <br /> our MSA Maintenance allocation. <br />I Expenditures- The Administrative Office Department monthly spending is disproportionately <br />.- high because of allocated annual insurance premium costs (liability $21,494 and <br /> worker's comp $6605). <br />r The Police and Animal Control Department YTD spending reflects three months <br /> (January, February, March) of contract payment cost ($134,850) to the Ramsey <br /> County Sheriff Department. <br />. Other Funds <br /> Utility Funds- The negative revenue amounts in both the current month and YTD columns <br />I reflect a reversal of the 12/31/94 accrued fourth qllllrter 1994 utility receivable. <br /> <, .. <br /> Our first qllllrter collections of this billing have been less than the amount billed. <br />I' If you have any questions on the enclosed fmancial data or the comments above, do not hesitate <br /> to discuss them with me. <br />I <br /> --, <br />I <br />I <br />I. <br />. <br />